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MCX NCDEX TIPS TODAY:-MCX Gold and silver are expected to trade lower today on the back of a stronger dollar. Silver being an industrial metal will also take cues from movement in base metals.Silver prices failed to cross 57500 which lead to profit booking in the counter, prices are expected to test 55700 – 55500 on lower end, one can sell around 56700 – 56800.Oscillators are in positive zone.Crude oil prices are expected to trade lower today, due to expected rise in US crude oil inventories, dollar strength and weak market sentiments. However, supply concerns from Iran may cushion sharp decline in oil prices.
MCX LEAD have resistance level at 111.0 and last resistance level at 112.45 and support at 108.40 and last support at 106.95.
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